Author

Meera Rolaz

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On 16 May 2024, SECO published the updated version of its Auslegungshilfe Sanktionsmassnahmen (“interpretation guideline for sanctions measures”; “FAQs”), which includes additional guidance on the following five topics: (i) proof of the non-Russian origin of imported diamonds and diamond products in relation to the prohibition of Art. 14e of the Ordinance of 4 March 2022 on measures in connection with the situation in Ukraine (“Ordinance”); (ii) the mandatory format for fulfilling the reporting obligation for…

For the second week of our Annual Compliance Conference, we discussed key trade compliance issues impacting our clients globally. Specifically, we discussed the trade policy response of the US, EU and U.K. to ever increasing geopolitical disruption, global strategies for handling sanctions regulators and enforcement, and key global sanctions and export controls developments. Trade policy response to geopolitical disruption – China and beyond Tuesday 7 May SPEAKERS: Tristan Grimmer (Partner, London), Sylwia Lis (Partner, Washington…

Having focused on the enforcement of sanctions by Australia and Ukraine in the past weeks, we now turn our attention to the sanctions enforcement trends in Switzerland. What are the recent sanctions enforcement trends in Switzerland? The State Secretariat for Economic Affairs (“SECO”) is responsible for the enforcement of violations under the Federal Act on the Implementation of International Sanctions (“Embargo Act”; accessible here) and thus also for violations under the Ordinance on Measures in connection…

On 25 January 2023, Switzerland implemented the EU’s 9th sanctions package adopted on 16 December 2022, and is now again by and large in alignment with EU sanctions against Russia. Switzerland thereby also introduced new measures, consisting, among others, of the following: Extension of the scope of prohibitions: The sale, transport and transit of petroleum products of customs tariff number 2710 obtained from crude oil from or originating in the Russian Federation imported into Bulgaria…